M&A Deal Summary

Marcou Transportation Group Acquires Groundlink

On January 27, 2017, Marcou Transportation Group acquired information technology company Groundlink from Comvest Partners

Acquisition Highlights
  • This is Marcou Transportation Group’s 1st transaction in the Information Technology sector.
  • This is Marcou Transportation Group’s 2nd transaction in the United States.
  • This is Marcou Transportation Group’s 1st transaction in New York.

M&A Deal Summary

Date 2017-01-27
Target Groundlink
Sector Information Technology
Buyer(s) Marcou Transportation Group
Sellers(s) Comvest Partners
Deal Type Add-on Acquisition

Target

Groundlink

New York, New York, United States
Groundlink, Inc. is a tech-enabled provider of executive black car service in major cities throughout the world. Offering the industry’s only on-time guarantee, GroundLink focuses on duty of care, with professional drivers who are screened, properly licensed and fully insured.

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Buyer(S) 1

Buyer

Marcou Transportation Group

Waltham, Massachusetts, United States

Category Company
Sector Transportation
DESCRIPTION

Marcou Transportation Group LLC is a provider of an executive ground transportation services available, including deluxe limousines, luxury sedans, executive vans and buses.


DEAL STATS #
Overall 2 of 2
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2017 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-27 Limo Anywhere

Irving, Texas, United States

Limo Anywhere LLC is a software provider to the limousine industry. The company's integrated, cloud-based platform provides operators with end-to-end capabilities for reservations, account management, dispatch, credit card processing, flight tracking and financial management, and facilitates over 10 million rides annually.

Buy -

Seller(S) 1

SELLER

Comvest Partners

West Palm Beach, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 16.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Comvest Partners' headquarters in West Palm Beach, Florida.
Comvest Partners' headquarters in West Palm Beach, Florida.

Comvest Partners is a private investment firm that provides equity and debt capital to middle-market companies across North America. Comvest funds a variety of investment situations, including buyouts, divestitures, recapitalizations, consolidations, take privates, and turnarounds. Sectors of interest include business services, information services, education, financial services, healthcare services, software, IT, and transportation. For equity investments, Comvest prefers control and looks to invest $50 to $150 million per transaction. For debt needs, Comvest seeks to provide $25 to $250 million per transaction. Comvest Partners was formed in 2000 and is based in West Palm Beach, Florida.


DEAL STATS #
Overall 26 of 42
Sector: Information Technology M&A 3 of 4
Type: Add-on Acquisition M&A Deals 14 of 23
State: New York M&A 2 of 4
Country: United States M&A 26 of 42
Year: 2017 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-27 Cartera Commerce

Lexington, Massachusetts, United States

Cartera Commerce, Inc. is a provider of technology-enabled marketing and loyalty solutions.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-02 IMC Health Medical Centers

Miami Lakes, Florida, United States

IMC Health Medical Centers is a provider of primary care and specialty services to Medicare, Medicaid and commercial populations through 19 medical centers in Florida. IMC delivers high-quality medical care to thousands of members for numerous managed care organizations. IMC Health Medical Centers was founded in 2004 and is based in Miami Lakes, Florida.

Buy -